Horizon Technology Finance Corp (NASDAQ:HRZN) CEO Robert D. Jr. Pomeroy purchased 4,500 shares of Horizon Technology Finance stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $11.70 per share, for a total transaction of $52,650.00. Following the completion of the transaction, the chief executive officer now directly owns 86,077 shares in the company, valued at $1,007,100.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ:HRZN opened at $11.84 on Wednesday. Horizon Technology Finance Corp has a 12-month low of $9.92 and a 12-month high of $13.48. The firm has a market capitalization of $157.60 million, a PE ratio of 9.62 and a beta of 0.77.
Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, April 30th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.03). The company had revenue of $8.31 million during the quarter. Horizon Technology Finance had a return on equity of 9.94% and a net margin of 41.69%.
HRZN has been the topic of several recent research reports. Maxim Group raised their price target on Horizon Technology Finance from $12.00 to $13.50 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Securities restated a “neutral” rating and issued a $11.00 price target on shares of Horizon Technology Finance in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Horizon Technology Finance presently has a consensus rating of “Hold” and an average target price of $11.88.
Hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in Horizon Technology Finance during the first quarter worth about $57,000. Marshall Wace North America L.P. bought a new position in Horizon Technology Finance during the first quarter worth about $62,000. Advisor Group Inc. lifted its holdings in Horizon Technology Finance by 1,275.2% during the first quarter. Advisor Group Inc. now owns 7,220 shares of the investment management company’s stock worth $85,000 after acquiring an additional 6,695 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Horizon Technology Finance by 57.0% during the first quarter. Wells Fargo & Company MN now owns 28,792 shares of the investment management company’s stock worth $340,000 after acquiring an additional 10,455 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Horizon Technology Finance during the first quarter worth about $961,000. Hedge funds and other institutional investors own 8.96% of the company’s stock.
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Horizon Technology Finance Company Profile
Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.
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